The global Microscope
Market is projected to reach USD
12.7 billion by 2024, exhibiting a 7.8% CAGR over the forecast period. The
magnification and visualization devices such as microscope are the important
part of scientific research and research and development activities. The newer
industries such as polymer industry, nanotechnology, agriculture and atomic
science are the key customer of this device. The new technology advancements
such as faster performance and easy sample preparation fuel the market growth
for microscope. The devices are capable of displaying images in high definition
and in 3-dimensional views.
The optical technology captures the highest market shares at academic
institutes and science research institutes for cellular or subcellular imaging
activities. The adoption of devices at academic institutes such as schools,
colleges, universities and private institutes and the growing research culture
in developing countries as well as at small scale industries raises the product
penetration. The another reason for industry growth is government and private
organizations funding for the research and technology development The price
plays an important role in product acceptance, the affordable price of the
device increases the product adoption. Thus, the above factors are the main
driver for the business growth.
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Key Questions
Answered
·
What are the sales or revenue produced by Microscope
products beyond all sectors during the forecast period?
·
What are the key trends in the Microscope
market?
·
What are the leading drivers, limitations, and probabilities
in the industry?
·
Which segment will gain the highest revenue worldwide
and which product segment will expand at the fastest CAGR during the forecast
period?
·
In which region the Microscope market to project
lucrative CAGR during the forecast period?
Application insights
The application segment is classified in material science,
nanotechnology, life science and semiconductors. The life science segment holds
29.22% of revenue share and dominates the industry followed by the
semiconductors.
With recent development in sciences, nanotechnology is gaining space in
the industry. the recent research and
developments in pharmaceuticals, chemicals, biotechnology and other fields are
boosting the nanotechnological applications. Hence, this segment is anticipated
to be the fastest growing segment overt he forecast period.
Regional insights
North America accounts for 34.13% revenue share in 2016. The largest
share in North America is accounted due to its strong economy, technology
advancement and high adoption rate in the region. In addition, the government
provides heavy funding and investment in the R&D, thus opening more
opportunities for the market players.
Asia Pacific incorporated the growing economies such as India, Japan and
China. Japan is the largest manufacturer of technology products with the vast
number of local manufacturers. The government initiatives such as project
funding for R&D development and funding for the infrastructure development
at the schools and colleges increase the market. Thus, this region is projected
to be the fastest growing over the forecast period.
Competitive Insights
The major player for Microscope industry includes Hitachi
High-Technologies Corporation, Asylum Research, FEI Company, Olympus
Corporation, CAMECA Instruments, Nikon Corporation, Bruker Corporation, NT-MDT
Company, Carl Zeiss AG, and JeoL Ltd.
The major players invest in research and development for the better
opportunities and industry growth. The mergers and acquisitions are the key
strategies for the market expansion.
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